Senior Property & Package Underwriter

London, England, United Kingdom

12/4/2024

Job Description

The Chubb Middle Market Property & Package team underwrite business for customers with a turnover typically less than $500m. The team operate out of the Chubb London office and write business in both the UKI and Multinational sectors. Continuing profitable growth is a key priority for the business, with a focus on aligning the changing needs and wants of customers with sound underwriting judgement and risk selection.

With dedicated market leading experienced professionals, the Middle Market Property & Package team is primed for further growth and we are now seeking a Senior Underwriter to join the team.

Role Purpose

To influence, implement and achieve underwriting profit goals in Middle Market Property & Package risks in accordance with business plan.

To ensure underwriting integrity through appropriate deployment of capacity whilst working within Chubb’s underwriting guidelines and controls. Be consistent in approach towards risk selection, pricing and use of capacity whilst recognising and responding to market conditions.

Key Responsibilities

• Underwrite new business and renewals according to defined underwriting guidelines, specified budget and local business plan.
• Day to day management of an agreed broker panel across new and renewal business
• Assist in formulating underwriting strategy, forecasts and portfolio management in order to achieve underwriting profitability.
• Ensure quality control within defined area of responsibility by undertaking quantitative underwriting reviews and peer reviews.
• To work closely with underwriters in other lines of business across the UK&I to maximise cross sell opportunities.
• Prioritise and develop products within area of specialist expertise in order to improve client retention and new business. This may involve collaborating with peers within and across business lines in Europe as well as globally.
• Represent and promote Chubb corporately to brokers, internal and external clients domestically and overseas. This may involve servicing key producers and clients, monitoring business acquisition and retention.
• Meet company standards in respect of policy documentation, timeframes for quoting new and renewal business and compliance rules.
• Work within the framework of Chubb ethical and service standards.
  
  

Qualifications

• Comprehensive understanding and experience of underwriting Commercial Property & Package business.
• A good working knowledge of Multinational Underwriting, the insurance market and competitors.
• Experienced Property and Casualty underwriter within the package space.
• Solid experience of dealing with brokers and clients.
• Results driven with ability to make own decisions and work on own initiative.
• Adaptable and resilient to changes in market conditions and business requirements.
• An experienced professional who is recognised externally.
• Excellent attention to detail with experience using complex pricing and risk selection tools.
• Experience of training, mentoring and people development is desired.
• Continues to develop technical and broader business skills.
• Strong team player and ability to build strong relationships quickly.
  
  

What can you expect in return?

Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program

Integrity. Client focus. Respect. Excellence. Teamwork.

Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.

Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.

We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.

https://www2.chubb.com/emea-careers/working-for-us/diversity-inclusion.aspx

About Us

Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.